What Is A Preapproval

Dated: November 13 2014

Views: 222

A pre-approval is a simple process of ensuring that you can be approved for a mortgage. To get preapproved, you may complete an online application that is similar to this one, https://0742752055.secure-loancenter.com/WebApp/FullAppLogin.aspx.
Once you complete the application, you will be asked for the following documents:
  1. One month of paystubs
  2. Two years of tax returns
  3. Two years of W-2s or 1099s or K-1s if self-employed
  4. Two months of bank statements (All Pages). If statement says 1 of 5, we need all 5
  5. Most recent statement from your 401k, investments, etc.
Why is all of this required? 
  The above documents are going to be the basis of the underwriter's decision on the approvability of your mortgage application. We need to know accurately what your income, assets and liabilities are. Without anyone of these, the pre-approval is worthless.
   For more information, you can reach me at 239-936-4232.
James Marcinkowski
Branch Manager 
Inlanta Mortgage
NMLS# 182565, 1016
Blog author image

Danielle Sharp

Danielle is broker/owner of Sharp Homes Realty. A Detroit native, she escaped the cold, gray winters of Michigan in 2007. Community involvement has been a high priority while building a customer centr....

Want to Advertise on this Site?

Latest Blog Posts

Botanical Brewing Co Wellness Bazar Free

Wed, Nov 18, 2020, 10:00 AM –Thu, Nov 19, 2020, 1:00 AM ESTLocation839 Miramar Street Cape Coral, FL 33904 View MapA sneak preview event! Join us ahead of our Grand Opening celebration

Read More

Sunday Oct 25 2020 9 To 11 AM

Trunk or Treat - FREE Outdoor Eventby Angela Guillette P.A. and Palm City BrewingFree tickets on EvenbriteLocation Palm City Brewing7887 Drew Circle  #Suite 130  Fort Myers, FL

Read More

Cape Coral Farmers Market

The Cape Coral Farmers' Market is a popular destination for locals and visitors alike. The market, which holds a seasonal schedule and occasionally closes for off times, is host to a variety of

Read More

Sat Sept 26 12PM To 1PM

Wicked Dolphin Distillery TourWe will take you through the steps of how we source our ingredients, cook, ferment, distill, in our distillery plant then off to our barrel room where we will show you

Read More